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Oct 31, 2012
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u.s. stocks are trading again, after hurricane sandy forces an historic two-day shutdown. >> tom: wall street gets back to business, as damage and recovery estimates start to climb, plus, what it takes to restore power to millions in the northeast. >> susie: and with stocks open for trading, no surprise, home depot was the dow's standout. >> tom: lots ahead, that and more tonight on "n.b.r."! >> susie: an historic day on here on wall street, after the storm of the century knocked down the financial district. us stock markets resumed operations today after two days in the dark, stocks were little changed: both the dow and the nasdaq fell 10 points, but the s&p 500 gained a fraction. trading here at the new york stock exchange opened without a hitch. the new york stock exchange opened right on time. and as new york's mayor bloomberg rang the opening bell this morning, traders were happy to be back to work. it looked like a normal day, with the buzz of activity, traders milling about. it was
u.s. stocks are trading again, after hurricane sandy forces an historic two-day shutdown. >> tom: wall street gets back to business, as damage and recovery estimates start to climb, plus, what it takes to restore power to millions in the northeast. >> susie: and with stocks open for trading, no surprise, home depot was the dow's standout. >> tom: lots ahead, that and more tonight on "n.b.r."! >> susie: an historic day on here on wall street, after the storm of...
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Oct 17, 2012
10/12
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he is a 21-year old bangladeshi national, who has been in the u.s. since january, looking at several potential targets. he now faces charges of attempting to use a weapon of mass destruction and providing support to al-qaeda. >> tom: presidt obama and governor mitt romney may have been a time zone apart today but they continued trading barbs after last night's second presidential debate. >> let's recap what we learned last night. the tax plan doesn't add up. his jobs plan doesn't create jobs. his deficit reduction plan adds to the deficit. >> i mean he spends most of his time talking about how my plan won't work. what about his plan? we know his plan has not worked. >> tom: "n.b.r.'s" shinon bureau chief darren gersh joins us. so, darren, romney floated a new idea last night, capping tax deductions at $25,000 while cutting tack rate for all wage earners. doesn't add to the deficit according to the governor. does it add up, though? >> tom you'll be shocked, shocked to hear that right now it doesn't. we don't have enough details. here's what we know. s
he is a 21-year old bangladeshi national, who has been in the u.s. since january, looking at several potential targets. he now faces charges of attempting to use a weapon of mass destruction and providing support to al-qaeda. >> tom: presidt obama and governor mitt romney may have been a time zone apart today but they continued trading barbs after last night's second presidential debate. >> let's recap what we learned last night. the tax plan doesn't add up. his jobs plan doesn't...
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Oct 25, 2012
10/12
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the u.s. economy may be recovering, but there has not been much of a gain ine cotruction employment. >> construction employment has been very spotty. we've seen a couple of months and then it flatns out or even drops back down.fl >> reporter:n the past two years, the constructn n industry has added 36,0ry jobs.36 that's fraction of the 3.9t' million positions that have been created in the private sector overall. but there has beeone bright spot across the nation: apartment construction. ige reason has as much to do with lifestyle preference, as economics. >> there does seem to be a shift in preferences among young, potential homebuyers to live closer to the city or in the first ring of suburbs. many of them are looking o ay in apartments living rather than having a home further out where they need a car to get any where. they would have more of a mortgage they would be tied into. >> reporter: on the flip side, public spending on constructiono has fallen sharply. it's down 3.5% from a year ago,
the u.s. economy may be recovering, but there has not been much of a gain ine cotruction employment. >> construction employment has been very spotty. we've seen a couple of months and then it flatns out or even drops back down.fl >> reporter:n the past two years, the constructn n industry has added 36,0ry jobs.36 that's fraction of the 3.9t' million positions that have been created in the private sector overall. but there has beeone bright spot across the nation: apartment...
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Oct 12, 2012
10/12
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u.s. so the fed will be very concerned about that. and they are going to put out a very tough stress test on the banks. we'll see what happens but i think we'll probably-- could be yet again a little bit disappointed from what we hope for in terms of dividends and share repurchase out of the big banks. >> we have to leave it there. any disclosures on the stocks that you talked about? >> no, thanks. >> have a great weekend, fred canon of kbw. >> i'm diane eastabrook in chicago. still ahead, is the housing market ready to rally? i'll tell you what one expert thinks. >> susie: american consumers are feeling pretty good about the economy. the university of michigan's latest reading on consumer sentiment hit a five-year high. that comes as the treasury reports the u.s. budget deficit topped $1 trillion in fiscal 2012. that's our fourth-largest budget deficit since world war two. that held wall street's gains in check: the dow rose 2.5 points, the nasdaq fell five. the s&p down four. for the wee
u.s. so the fed will be very concerned about that. and they are going to put out a very tough stress test on the banks. we'll see what happens but i think we'll probably-- could be yet again a little bit disappointed from what we hope for in terms of dividends and share repurchase out of the big banks. >> we have to leave it there. any disclosures on the stocks that you talked about? >> no, thanks. >> have a great weekend, fred canon of kbw. >> i'm diane eastabrook in...
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Oct 23, 2012
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as they increasingly go toe-to- e with u.s. companies around the world, chinese state-ownede companies present a crucial challenge to u.s. policy makers. >> and that's creating pressure not only politically, but also pressure from the business community saying "how are we, a private company, going to compete with the largeness and power and the funding of a entire government?" >> reporter: in the last three months chinescompanies invested $3 billion in thei united states, and a report the rhodium group predicts the dealmaking will soon expand beyond energy, into servicesor like entertainment, hotels and finance. darren gersh, "n.b.r.", washington. >> susie: on wall street today, investors were hesitant to buy stocks ahead of tonight's big presidential debate. they were also pre-occupied with that flood of earnings we told you about earlier. and, asuzanne reported, revenues are the key worry for investors, and a big theme of tonight's "market focus." after the close, texasd, instruments reported a decline in revenues, due to fal
as they increasingly go toe-to- e with u.s. companies around the world, chinese state-ownede companies present a crucial challenge to u.s. policy makers. >> and that's creating pressure not only politically, but also pressure from the business community saying "how are we, a private company, going to compete with the largeness and power and the funding of a entire government?" >> reporter: in the last three months chinescompanies invested $3 billion in thei united states,...
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Oct 27, 2012
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me >> tom: the u.s. economy actually sped up in the third quarter, surprising economists and maybe you too. thanks to a pick-up in spending by conumers, the federal government and the housing c sector, the gross domestic product grew at a 2% annual rate in july through september. that 2% pace was stronger than expected and much better than what the economy experienced in the second quarter. suzanne pratt takes a closer look at the data and what it suggests about the economy the final months of this year. >> reporter: an economy growing at a 2% annual rate is hardly anything to celebrate. sure it could've been worse. but, clearly at three-years post great recessi , it should be a lot better., experts call it a side-ways economy, one that is unabltona create enough jobs to bring down the nation's stubborn unemployment rate. but, people on the streets of new york have different takes on what a 2% economy means to them: >> it means first of all that anyone trying to look for employment is going have a tough
me >> tom: the u.s. economy actually sped up in the third quarter, surprising economists and maybe you too. thanks to a pick-up in spending by conumers, the federal government and the housing c sector, the gross domestic product grew at a 2% annual rate in july through september. that 2% pace was stronger than expected and much better than what the economy experienced in the second quarter. suzanne pratt takes a closer look at the data and what it suggests about the economy the final...
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Oct 29, 2012
10/12
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that threat of flooding was one reason u.s. stock markets were closed today, the first un- scheduled shutdown since the september 11 attacks 11 years ago. and there will be no stock trading tomorrow either. susie gharib has more on the historic market closure from new york. >> susie: it was supposed to be a busy monday on wall street. investors were gearing up for another round of earnings reports. but hurricane sandy changed that, and it was quiet, and dark at the new york stock exchange and the nasdaq. all trading in the stock markets was closed. many companies delayed the release of their quarterly reports; a move that comes in the peak of third quarter earnings season. pfizer, mcgraw hill, entergy and others id today they wod postpone their earnings announcements. at first, the n.y.s.e. had planned to only shut down the trading floor; that would have meant operating as an all- electronic exchange for the first time in its 200 year history. but late sunday big board officials, consulting with other exchanges and brokerage fi
that threat of flooding was one reason u.s. stock markets were closed today, the first un- scheduled shutdown since the september 11 attacks 11 years ago. and there will be no stock trading tomorrow either. susie gharib has more on the historic market closure from new york. >> susie: it was supposed to be a busy monday on wall street. investors were gearing up for another round of earnings reports. but hurricane sandy changed that, and it was quiet, and dark at the new york stock exchange...
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Oct 26, 2012
10/12
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the u.s. economy picks up steam thanks to spending by consumers and the government. >> susie: i'm susie gharib. we take you to a wells fargo event in chicago, where housing grants could turn renters into buyers. >> tom: then, from tax hikes to corporate earnings worries, tonight's "market monitor" guest says investors are facing a cliff of concern. robert stovall of wood asset management joins us. >> susie: that and more tonight on "n.b.r."! >> tom: the u.s. economy actually sped up in the third quarter, surprising economists and maybe you too. thanks to a pick-up in spending by consumers, the federal government and the housing sector, the gross domestic product grew at a 2% annual rate in july through september. that 2% pace was stronger than expected and much better than what the economy experienced in the second quarter. suzanne pratt takes a closer look at the data and what it suggests about the economy in the final months of this year. >> reporter: an economy growing at a 2% annual rate i
the u.s. economy picks up steam thanks to spending by consumers and the government. >> susie: i'm susie gharib. we take you to a wells fargo event in chicago, where housing grants could turn renters into buyers. >> tom: then, from tax hikes to corporate earnings worries, tonight's "market monitor" guest says investors are facing a cliff of concern. robert stovall of wood asset management joins us. >> susie: that and more tonight on "n.b.r."! >> tom:...
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Oct 25, 2012
10/12
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they have depended on markets outside the u.s. for growth, and now they're getting hurt by the debt crisis in europe and cooling growth in china. so it's no surprise that colgate palmolive's earnings were less than sparkling. the toothpaste giant earned a $1.38 a share in the third quarter, in line with estimates, and up from last year. but, like p&g, colgate's revenues fell short of expectations and were also lower than the year-ago level. the company also announced a four-year restructuring program that will slash its global workforce by 6%. often, a company's stock will rally on cost-cutting news, but that wasn't the case for colgate today. >> while that's generally good news in terms of freeing up money for investment, it's probably making the market a little bit nervous that they need sort of extra cost savings on top of their traditional program in order to hit numbers. >> reporter: his firm has done business with colgate in the past 12 months. so it seems it will take a rebound in the global economy to really turn the "tide
they have depended on markets outside the u.s. for growth, and now they're getting hurt by the debt crisis in europe and cooling growth in china. so it's no surprise that colgate palmolive's earnings were less than sparkling. the toothpaste giant earned a $1.38 a share in the third quarter, in line with estimates, and up from last year. but, like p&g, colgate's revenues fell short of expectations and were also lower than the year-ago level. the company also announced a four-year...
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Oct 11, 2012
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suzanne pratt, "n.b.r.," new york. >> susie: while things are looking up for the u.s. economy, investors are worried about global economic growth. and so is opec: the oil organization trimmed its forecast today for oil demand, due to a slowing global economy. crude prices shot up to $93 a barrel, and then pulled back to $91 after opec said that oil supplies are in good shape for the rest of the year. that's one reason stocks were down again today, making it three days in a row. with this latest pull back, all three major stocks averages are now negative for the month. by the closing bell, the dow lost 128 points, the nasdaq fell 13, and the s&p off almost nine points. so where do stocks go from here? joining us now, james awad, investment strategist at zephyr management. so, jim, is this the beginning of a correction? >> well, i think what you see is what you get. and what i mean by that is the time to be measured, the negatives that we are slowing worldwide, there's a chance of an accident in europe. the middle east is a mess, the earnings season is probably not going
suzanne pratt, "n.b.r.," new york. >> susie: while things are looking up for the u.s. economy, investors are worried about global economic growth. and so is opec: the oil organization trimmed its forecast today for oil demand, due to a slowing global economy. crude prices shot up to $93 a barrel, and then pulled back to $91 after opec said that oil supplies are in good shape for the rest of the year. that's one reason stocks were down again today, making it three days in a row....
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Oct 2, 2012
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american factories were going all out in september, a hopeful sign that the u.s. economy may be picking up. >> tom: i'm tom hudson. ben bernanke defends his strategy at the federal reserve to do more to help the economy. >> susie: and how technology is making it possible for doctors to go paperless. >> tom: that and more tonight on "n.b.r."! >> susie: the first day of the new quarter, kicks off with a blue chip rally. investors were encouraged by a report showing that american factories were busy in september. a popular index of national factory activity rose to 51.5 last month, from 49.6 in august. it was the fastest pace of production since may. but that upbeat news was overshadowed by comments from federal reserve chief ben bernanke, saying the economy is not growing fast enough to bring down the unemployment rate. we'll have more on that in a moment. those two events led to volatile trading here on wall street. the dow rose about 78 points, but was up as much as 155 points earlier. the nasdaq drifted in and out of positive and negative territory, finally losin
american factories were going all out in september, a hopeful sign that the u.s. economy may be picking up. >> tom: i'm tom hudson. ben bernanke defends his strategy at the federal reserve to do more to help the economy. >> susie: and how technology is making it possible for doctors to go paperless. >> tom: that and more tonight on "n.b.r."! >> susie: the first day of the new quarter, kicks off with a blue chip rally. investors were encouraged by a report...
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Oct 30, 2012
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it also allows the u.s. to reimburse local and state governments for some of the expenses they'll face as they rebuild. the east coast may be cleaning up, but sandy isn't finished. the storm is plowing inland, dumping snow across the appalachians. with sandy still churning, it's near impossible tonohow extensive the damage will be or how long the cleanup will last. sylvia hall, nbr, washington. >> tom: earlier, susie mentioned the challenges of getting around one of the world's largest and most congested cities with no public transportation. city buses began rolling on new york streets at 5:00 p.m. eastern time today, but only partial service and on a reduced schedule. we have more on the work ahead to get new york moving again with erika miller. >> reporter: in new york city, the subway is a lifeline. the transportation network is the center of culture and commerce. in the nation.mo than four milla day go through subway turnstiles, which are part of the largest mass transit system in the nation. the 108-yea
it also allows the u.s. to reimburse local and state governments for some of the expenses they'll face as they rebuild. the east coast may be cleaning up, but sandy isn't finished. the storm is plowing inland, dumping snow across the appalachians. with sandy still churning, it's near impossible tonohow extensive the damage will be or how long the cleanup will last. sylvia hall, nbr, washington. >> tom: earlier, susie mentioned the challenges of getting around one of the world's largest...
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Oct 15, 2012
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so even as u.s. stocks hover near their all time highs set five years ago, m mu les nervous than i would otherwise be. because investors are still net sellers of stock funds. despite being below their highs, stocks have been profitable for those of us who've bought while the u.s. investor is selling. in fact, wilshire associates says, if you include reinvested dividends, the u.s. market set an all time high last month. i don't know if stocks are a good buy at current prices. but there's one thing i'm sure of. bond funds, which investors are buying by the ton, are a terrible buy. interest rates are artificially low. when they rise, which they will, bond investors will get clocked. and will realize that some crowds may be wise, but it's not wise to be parof an investment crowd? i'm allan sloan. >> susie: women have been wearing chanel number 5 for almost a century.. from catherine deneuve to ali mcgraw to nicole kidman, famous women have pitched the fragrance for years. but today, the iconic perfume go
so even as u.s. stocks hover near their all time highs set five years ago, m mu les nervous than i would otherwise be. because investors are still net sellers of stock funds. despite being below their highs, stocks have been profitable for those of us who've bought while the u.s. investor is selling. in fact, wilshire associates says, if you include reinvested dividends, the u.s. market set an all time high last month. i don't know if stocks are a good buy at current prices. but there's one...
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Oct 19, 2012
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u.s. investors are concerned, that there has been a decoupling of what is going on between the u.s. and urope. especially as we see hat spain is probably going to get money it needs and its ratings are stabilized by moodies recently it so tell us eye little bit more that there is decoupling going on. >> sure. and i think from the market's perspective we are starting to see a decoupling. the basic they are lee is there were two big issues in europe. there was a fiscal crisis and a european banking crisis. i think the market is starting to realize t rt the fiscal cries his take a long lved.to get re yet thelv banking crisis to ank certain extent has been contained by the ecb stepping in to become the lender of last resort.of so for that reason, we are looking at the markets here in the u.s. starting to focus more on fundamentals here in the united states, so much in evy headline coming out of europe. >> should we be more concerned about what is going on in china, especially with the news tha
u.s. investors are concerned, that there has been a decoupling of what is going on between the u.s. and urope. especially as we see hat spain is probably going to get money it needs and its ratings are stabilized by moodies recently it so tell us eye little bit more that there is decoupling going on. >> sure. and i think from the market's perspective we are starting to see a decoupling. the basic they are lee is there were two big issues in europe. there was a fiscal crisis and a european...
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Oct 10, 2012
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we're seeing it in the u.s. automotive segment, very nice, and then there are on the other side -- i mean, coming down. we've seen the heavy truck segment coming down substantially, pretty much in the u.s., and building and constructions on the commercial building and construction side, there's still very little signs of life there. >> susie: you know wha, are your calculus telling you? we hear how businesses are weighed down by uncertainty. are they puting in more orders with you, or less? >> well, it's slowing down a little bit on some segments and other segments are strong. i believe if you look at it on a regional basis. the euro sown, as we've seen yesterday from projections. it's obviously in a difficult spot and continues to slow down. i just spent a week in china two weeks ago and had a lot of meetings with customers and as well as high government officials, and i could see that they're putting in a similar program which is strongly targeted on the infrastructure side. so i'm confident that we will see g
we're seeing it in the u.s. automotive segment, very nice, and then there are on the other side -- i mean, coming down. we've seen the heavy truck segment coming down substantially, pretty much in the u.s., and building and constructions on the commercial building and construction side, there's still very little signs of life there. >> susie: you know wha, are your calculus telling you? we hear how businesses are weighed down by uncertainty. are they puting in more orders with you, or...